What will be the implications in case of receipt of supply from unregistered person ?in hindi
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The unregistered person needs to pay the tax.
Explanation:
The implications in case of receipt of supply from the unregistered person needs to pay the tax.
- As per Sec 9(4) of the CGST Act the individual is liable to pay the tax.
- The registered individual is required to pay in accordance with the reverse charge mechanism in this type of commodities exchange.
- According to the GST rules, every individual purchasing commodities must provide both a payment voucher and a tax invoice when the exchange is with an unregistered individual.
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